posted April 23, 201309:07
NORX: Norstra Energy, a US based oil and gas exploration Company with current land position in Kansas, and in the process of acquiring significant land position in northwest Montana with intent to explore and drill the Bakken formation in the Alberta Bakken Fairway. To achieve that goal Norstra appointed Glen Landry, who has decades of experience in working this region for companies like Occidental (OXY).

luckylindy

posted April 23, 201309:35
$$NORX: Recent activity from oil executives leads to consensus that the Bakken in Montana is a field ripe for development. The Bakken Petroleum System, an unconventional oil resource that extends from North Dakota to the Bakken Fairway in Montana, and all the way up north into Alberta, Canada. The total area of the Bakken Shale stretches 200,000 miles.

NORSTRA ENERGY INC. WWW.NORSTRAENERGY.COM (OTCQX:NORX) ("Norstra" or the "Company") announces that it has satisfied its financing obligations under the farm in agreement with Summit West Oil by providing funding for exploration activities on the South Sun River Bakken Prospect. As previously mentioned by the Company, Summit West has been impressed with Norstra's operations and has granted the Company an additional three sections in the South Sun River Bakken area under the same terms as the initial farm-in arrangement. "We now hold rights to over 12,000 acres and with the three new sections we expect to pinpoint the first 2 well locations in short time," said Mr. Landry, Norstra's CEO. "We are also actively working on increasing our land position in the next few months and have started negotiations with several parties."Additionally, the Company engaged Renell Wertpapierhandelsbank AG of Frankfurt, Germany to file an application with Deutsche Boerse AG to list Norstra's shares on the Berlin Stock Exchange. The Company's application was accepted in short order and its shares are now trading on the Berlin Stock Exchange under the symbol 2NE."We were eager to give our company additional exposure in Europe during this phase of our corporate development and capitalize off the significant momentum we have created on the ground and with the investment community," stated Mr. Landry. "We recognized that several German companies like BASF, for example, are moving parts of their operations to the US to take advantage of the lower energy costs and overall climate of the U.S. energy industry. We believe that an American energy company like Norstra Energy Inc. will create significant investor interest in Germany and throughout the European Community," he continued.In anticipation of the listing Norstra has updated its website with a German version and initiated steps to open up a branch office in Germany by no later than the end of May, 2013.DisclaimerThis press release contains "forward-looking statements." Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, and specifically references to the timing or outcomes of exploration and drilling work on the South Sun River Prospect as well as the company's ability to raise capital and secure investor interest in Germany and the European Community. The reader can identify these forward-looking statements by forward-looking words such as "may," "will," "expect," "potential," "anticipate," "forecast," "believe," "estimate," "project," "plan," "continue" or similar words. The reader should read statements that contain these words carefully because they discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. Forward-looking statements include, but are not limited to, statements regarding potential drilling, wells, oil production, revenues, expansion efforts, and future plans and objectives of Norstra Energy Inc. The risk factors listed in our disclosure documents and the cautionary language on the Company's website provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations and projections described by Norstra in its forward-looking statements. Actual results relating to, among other things,exploration activities, oil reserves, production, revenues and profitability could differ materially from those currently anticipated in such statements. Factors affecting forward-looking statements include: results of exploration activities, ability to secure operations staff and equipment; changes in the operating costs; changes in economic conditions, foreign exchange and other financial markets; changes of the interest rates on borrowings; in the investments levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Norstra operates; technological, mechanical and operational difficulties encountered in connection with Norstra's development activities; and labor relation matters and costs. The reader should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Norstra from time to time with the Securities and Exchange Commission and other regulatory authorities.CONTACT: For further information regarding Norstra Energy, please contact: Norstra Energy - Investor Relations Tyler Troup, B.Comm Phone: 1-866-865-2780 E-mail: ir@norstraenergy.com Website: www.norstraenergy.com

posted April 29, 201316:02
$NORX sweet close at the hod..and some beautiful volume to boot..looks like we break .70 soon

scooz

posted April 30, 201312:35
$NORX Huge Potential here:

Norstra eventually plans to drill and operate 6 wells in its Alberta Fairway location by 2014, with continued expansions over time.! Norstra also plans to expand with more land acquisitions and further wells.!

luckylindy

posted May 02, 201308:58
NORX~Banner year for Bakken crude 28 (UPI) -- Whiting Petroleum Corp. said it aims to spend around $1.9 billion in 2013 to follow a banner year of oil and gas production in the northern U.S. Plains. Whiting, which has headquarters in Denver, announced that it posted a record year in 2012, with an estimated 82,500 barrels of oil equivalent per day, a 22 percent increase from 2011 figures. As of Dec. 31, the company estimated it held proven reserves of more than 375 million boe. Whiting Chief Executive Officer James Volker said 2012 was a record-setting year for his company, which the North Dakota government described as the top oil producer in the state with an average 66,155 barrels of oil per day. The company said most of the additions to its proven reserve base came from the Bakken and Three Forks plays spread out over North Dakota and Montana. Oil production in North Dakota has increased each of the last four years. Much of the production is from the Bakken formation. The boom has overwhelmed existing transport infrastructure, prompting companies to look to rail for Bakken oil deliveries. The U.S. Interior Department in October approved a request to consider a refinery to process crude oil from Bakken. The North Dakota refinery would be the first new facility in the United States in more than 30 years. The facility could process up to 13,000 barrels of crude oil per day.

posted May 07, 201310:25
NORX: Norstra has updated its website with a German version and initiated steps to open up a branch office in Germany by no later than the end of May, 2013.

luckylindy

posted May 08, 201309:52
NORX has entered into a farm-out agreement with Summit West Oil, LLC. for the South Sun River Bakken Prospect. The South Sun River Prospect was identified by the Company's management as an excellent target for a Bakken well. It consists of over 10,000 acres of prime Bakken acreage with almost 10 years left on most of the leases. Bakken development is considered simple and basic horizontal drilling. Under the Farm Out Agreement Norstra will provide $200,000 for short term working capital and drill and complete a first well into the Bakken Oil Formation by December 31, 2013; a second well into the Bakken Oil Formation by June 30, 2014 and drill and complete a third well into the Bakken Oil Formation by December 31, 2014. Upon completion of these drilling obligations, Norstra shall have earned 100% working interest in the entire acreage constituting the farm-out land. In the event that Norstra only completes the first and/or the first and second well, but elects not to proceed with the second and/or third well, Norstra will earn the above mentioned working interests only on the spacing unit on which well(s) have been drilled.

luckylindy

posted May 08, 201310:46
NORX is in the process of adding additional acreage to their current oil and natural gas exploration projects. Norstra Energy was recently featured in the Fairfield Sun a leading newspaper in North Central Montana. The article featured an Interview with Mr. Glen Landry regarding the positive and extensive seismic information available on the Company's Bakken Prospect as well as the anticipated AFE from Summit. Find out more about NORX including the acreage add-on in our full report here: http://bit.ly/NEWOTCREPORT